Welcome to our dedicated page for Standex International Corporation news (Ticker: SXI), a resource for investors and traders seeking the latest updates and insights on Standex International Corporation stock.
Standex International Corporation (NYSE: SXI) is a diversified global manufacturing company, leading in five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. Based in the United States, the company operates across various international markets including Europe, Canada, Japan, Singapore, Mexico, and more.
The Electronics segment, contributing 42% of total sales, focuses on manufacturing and selling electronic components for applications across multiple end-user markets. This segment shows strong growth in industrial automation, power management, renewable energy technologies, and electric vehicle-related applications.
The Engraving segment is a market leader in developing and providing innovative solutions in surface texturing and enhancing product aesthetics. Recently, this segment has seen substantial demand in Europe and Asia, particularly in automotive and consumer goods sectors.
The Scientific segment delivers high-performance products and services for research and academic markets. Despite a slight dip in demand for COVID vaccine storage units, it continues to grow in other areas, supported by lower freight costs and efficiency improvements.
The Engineering Technologies segment designs and manufactures precision components and assemblies for aviation, space, and defense industries. This segment's strength lies in its robust backlog and new platform development projects, ensuring long-term growth.
The Specialty Solutions segment includes businesses like Hydraulics, which faced a recent downturn but is recovering through operational improvements and increased aftermarket focus.
Financial Performance: Standex recently announced a record fiscal year for 2023, with 7.8% organic growth in Q4, despite some challenges like foreign exchange impacts and a business unit divestiture. The company achieved record gross margins and a consistent operating margin above 15%. Key segments contributed to this performance, especially through strategic pricing, productivity initiatives, and reduced freight costs.
Strategic Moves and Outlook: Standex is strategically positioned to pursue growth through both organic and inorganic opportunities. The recent acquisition of Minntronix expands its reach in fast-growing markets such as 5G and smart grid technologies. Another acquisition, Sanyu Switch Co., Ltd., is expected to enhance the company's relay product line and global footprint. Moving forward, Standex anticipates continued growth with a targeted sales increase in fiscal year 2024 and maintaining strong margins.
The company's leadership regularly engages with investors, providing transparent and detailed financial results and future outlooks. They remain cautiously optimistic about improving market conditions in China and Europe and are committed to achieving long-term financial targets by fiscal 2028.
For more detailed insights, visit their official website.
Standex International Corporation (NYSE:SXI) reported its 2Q21 financial results, demonstrating a modest year-over-year revenue growth of 1.7% to $156.3 million. Operating income decreased by 5.1% to $16.7 million, while net income from continuing operations fell by 2.3% to $12.0 million. Adjusted EBITDA remained stable at $26.2 million, with a 16.8% margin. Free cash flow surged significantly by 370.7% to $17 million. The company aims for a mid-single digit organic revenue growth and a robust EBITDA margin exceeding 20% in the long term.
Standex International Corporation (NYSE:SXI) will announce its second quarter fiscal 2021 financial results on February 4, 2021, after market close. The results will be discussed in a conference call on February 5, 2021, at 8:30 a.m. ET, led by David Dunbar, CEO, and Ademir Sarcevic, CFO. Investors can access the live webcast and presentation through the company's website. A replay will be available shortly after the event.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.24 per share, payable on February 25, 2021 to shareholders recorded by February 10, 2021. This marks the 226th consecutive quarterly cash dividend, maintaining a consistent payout since becoming public in November 1964. Standex operates in diverse sectors, including Electronics, Engraving, and Scientific, across global markets like the U.S., Europe, and Asia.
Standex International Corporation (NYSE:SXI) will participate in Baird's 2020 Global Industrial Conference on November 11, 2020. Key executives, including Chairman and CEO David Dunbar and CFO Ademir Sarcevic, will represent the company in this virtual event. Standex's investor presentation will be available on their website starting the same day. This participation underscores Standex's commitment to engaging with investors and showcasing its diverse operations across various industries including Electronics and Engineering Technologies.
Standex International Corporation (NYSE:SXI) reported its fiscal Q1 2021 results for the period ending September 30, 2020. Net sales decreased by 3.0% to $151.3 million, while operating income fell 9.4% to $14.4 million. Net income from continuing operations slightly dropped 2.1% to $10.3 million. Despite the challenges, adjusted earnings per share increased 5.5% to $0.96, and the company generated $4.4 million in free cash flow, a 60.3% increase year-over-year. The company remains focused on cost-saving initiatives, expecting over $7 million in annual savings.
Standex International Corporation (NYSE:SXI) will announce its first quarter fiscal 2021 financial results on October 29, 2020, after market close. A conference call to discuss these results will take place on October 30, 2020, at 8:30 a.m. ET. The call will feature David Dunbar, Chairman, President & CEO, and Ademir Sarcevic, Vice President, CFO & Treasurer, detailing financial metrics and business highlights. Investors can access the live webcast and presentation via the company's website, with a replay available afterward.
Standex International Corporation (NYSE: SXI) has announced a quarterly cash dividend of $0.24 per share, reflecting a 9% increase from previous payments. This dividend, marking the 225th consecutive quarterly payment, will be distributed on November 25, 2020, to shareholders on record as of November 10, 2020. The company has consistently paid dividends since going public in November 1964.
Standex International Corporation (NYSE: SXI) will present at the Sidoti & Company Fall 2020 Investor Conference on September 24, 2020, at 10 AM Eastern Time. Chairman, President & CEO David Dunbar and Vice President, CFO & Treasurer Ademir Sarcevic will lead the presentation. Interested parties can access the webcast here. A replay will be available on the company's website for thirty days. Standex operates in multiple sectors, including Electronics and Scientific, with facilities in various countries worldwide.
Standex International Corporation (NYSE:SXI) reported its 4Q fiscal 2020 results, revealing a 17.4% decline in net sales to $139.4 million and a 50.7% drop in net income from continuing operations to $6.1 million. Operating income plummeted 47.9% to $10.1 million. EBITDA also decreased 31.4% to $18.6 million, with a notable fall in diluted EPS of 49.5% to $0.50. In contrast, dividends per share saw a 10% increase to $0.22. The company anticipates flat to slightly increased revenue for the first quarter of fiscal 2021, mainly due to recovery in Electronics and Engraving segments.
Standex International Corporation (NYSE:SXI) will announce its fourth quarter fiscal 2020 financial results on August 24, 2020 after market close. A live conference call will be held on August 25, 2020 at 8:30 a.m. ET, featuring Chairman David Dunbar and CFO Ademir Sarcevic discussing the results and outlook. Investors can access the call through the "Investors" section of Standex's website. A replay will be available post-presentation.
FAQ
What is the current stock price of Standex International Corporation (SXI)?
What is the market cap of Standex International Corporation (SXI)?
What are the primary business segments of Standex International Corporation?
Where is Standex International Corporation primarily based?
What recent acquisitions has Standex International made?
How did Standex perform financially in the fourth quarter of fiscal year 2023?
What is the outlook for Standex in fiscal year 2024?
What are Standex’s long-term financial targets?
What products are included in the Electronics segment?
What makes the Engraving segment significant for Standex?
How does Standex engage with its investors?
What steps is Standex taking to improve its financial condition?
